The trend of the Euro against the US Dolar, as I have previously predicted, will be upwards in 2016. It has broken out of the channel defined by the curved lines I showed in earlier posts and re-draw here. However, it still has to come down from its December spike. While the present upward slope is shown by the continuous green line, I anticipate a gentler rise, still shown by my dotted green line. So, for the moment it will either remain flat or fall towards the green dotted line.